A new wave of target-date strategies with annuities is here. Illustration of symbols representing annuities on a blue and green background Asset managers are using a new strategy to help investors to manage their retirement spending: target-date funds featuring annuities.
Since the introduction of defined-contribution plans in the 1980s, almost everyone has been focused on encouraging investors to save more . Although that’s still a relevant issue, the record number of Americans hitting retirement age (sometimes referred to as the ‘ silver tsunami’ ) means that another nasty problem has reared its ugly head: helping people manage their retirement spending.
This […]
Full Post at www.morningstar.com